Facebook Inc. (FB) Stock Rating Lowered by Vetr Inc.
Facebook Inc. (NASDAQ:FB) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Thursday. They currently have a $133.85 price objective on the social networking company’s stock. Vetr‘s price target would suggest a potential upside of 12.46% from the company’s current price.
A number of other analysts have also recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Facebook in a report on Thursday. Global Equities Research restated a “buy” rating and set a $160.00 target price on shares of Facebook in a report on Sunday, November 6th. Societe Generale set a $90.00 target price on shares of Facebook and gave the company a “sell” rating in a report on Friday, November 4th. Zacks Investment Research upgraded shares of Facebook from a “sell” rating to a “hold” rating and set a $137.00 target price on the stock in a report on Friday, November 4th. Finally, Robert W. Baird restated an “outperform” rating on shares of Facebook in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average target price of $150.96.
Facebook (NASDAQ:FB) opened at 119.02 on Thursday. The company’s 50-day moving average is $127.78 and its 200 day moving average is $122.35. The company has a market cap of $343.04 billion, a price-to-earnings ratio of 45.88 and a beta of 0.76. Facebook has a 52-week low of $89.37 and a 52-week high of $133.50.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.12. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts forecast that Facebook will post $4.09 earnings per share for the current fiscal year.
In other news, Director Susan Desmond-Hellmann sold 625 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $124.01, for a total transaction of $77,506.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jan Koum sold 1,215,096 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $123.80, for a total value of $150,428,884.80. The disclosure for this sale can be found here. 19.08% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI boosted its position in Facebook by 110,408.2% in the first quarter. Citizens Financial Group Inc RI now owns 67,410 shares of the social networking company’s stock worth $7,691,000 after buying an additional 67,349 shares in the last quarter. Jackson Square Partners LLC boosted its position in Facebook by 21.4% in the first quarter. Jackson Square Partners LLC now owns 5,507,159 shares of the social networking company’s stock worth $628,366,000 after buying an additional 969,198 shares in the last quarter. Newbrook Capital Advisors LP acquired a new position in Facebook during the first quarter worth $50,120,000. Dodge & Cox acquired a new position in Facebook during the first quarter worth $445,000. Finally, Mariner Wealth Advisors LLC boosted its position in Facebook by 41.6% in the first quarter. Mariner Wealth Advisors LLC now owns 25,459 shares of the social networking company’s stock worth $2,904,000 after buying an additional 7,477 shares in the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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